Could Pact Group Holdings Ltd Lose Strenght? The Stock Increases A Lot Today

November 18, 2016November 18, 2016Darrin Black

The stock of Pact Group Holdings Ltd (ASX:PGH) is a huge mover today! The stock increased 1.99% or $0.12 on November 18, hitting $6.14. About 594,985 shares traded hands. Pact Group Holdings Ltd (ASX:PGH) has risen 19.69% since April 22, 2016 and is uptrending. It has outperformed by 15.26% the S&P500.
The move comes after 6 months positive chart setup for the $1.84 billion company. It was reported on Nov, 18 by Barchart.com. We have $7.86 PT which if reached, will make ASX:PGH worth $515.20 million more.

More notable recent Pact Group Holdings Ltd (ASX:PGH) news were published by: Fool.com.Au which released: “3 things every investor should know about Pact Group Holdings Ltd” on April 07, 2014, also Fool.com.Au with their article: “Pact Group shares surge, is it a better bet than Amcor Limited?” published on September 05, 2016, Fool.com.Au published: “Is Pact Group Holdings Ltd a better growth stock than Amcor Limited?” on November 02, 2015. More interesting news about Pact Group Holdings Ltd (ASX:PGH) were released by: Fool.com.Au and their article: “Pact Group Holdings Ltd buys Jalco: What you need to know” published on June 17, 2015 as well as Fool.com.Au‘s news article titled: “4 reasons why Pact Group Holdings Ltd should be on your watchlist” with publication date: August 03, 2015.

Pact Group Holdings Limited manufactures packaging and other products. The company has a market cap of $1.84 billion. The Company’s principal activities are the conversion of plastic resin and steel into rigid packaging and other products that service clients in various sectors, including food and beverage, personal care, household consumer, industrial and chemical, and materials handling and infrastructure. It has a 21.32 P/E ratio. It also provides a range of services, including outsourced manufacturing, filling and packing, and a range of sustainability, recycling and environmental services.